Articles by "FPI"
Mumbai, Sep 7: The BSE Sensex erased earlier losses to trade higher by 52.34 points in late morning deals in a range-bound trade despite lower Asian cues even as the rupee recovered sharply from its earlier lows.
Good rally in telecom, consumer durables, FMCG, auto, energy, metal and realty stocks lifted the key indices.
The rupee too recovered 24 paise against the US dollar.
Banks, power and finance shares witnessed mild selling.
The 30-share index was trading at 38,295.15, showing a gain of 52.34 points, or 0.14 per cent, at 1100 hrs.
The broader Nifty-50 index was also trading higher at 11,556.90, up 20.00 points, or 0.17 per cent.
Major gainers were Bajaj Auto 3 per cent, Hero Motocorp 2.18 per cent, Tata Motors DVR 1.80 per cent, Tata Motors 1.72 per cent and Wipro 1.56 per cent.
Losers include, Sun Pharma 4.10 per cent, Yes Bank 3.14 per cent, SBIN 1.92 per cent and Power Grid 1.66 per cent.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 455.00 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 611.98 crore yesterday, provisional data showed.
Most Asian markets were trading lower amid ongoing concerns about global trade and emerging markets.
US stocks fell yesterday amid renewed selling in technology shares as the Trump administration eyed escalating the trade war. (PTI)
Mumbai, Jul 31: Benchmark Sensex slipped from life highs to fall over 100 points to 37,381.05 today as markets took a breather after six consecutive record-setting sessions.
Weak trend in other Asian markets, muted earnings and fresh foreign capital outflows weighed on investor sentiment here.
Overall market mood was cautious as investors were on a wait-and-watch mode ahead of RBI policy outcome, scheduled tomorrow, and profit-booking at record level, brokers said.
The 30-share Sensex, after rising to 37,534.95 points in early trade, turned negative and retreated from record high by losing 113.55, or 0.30 per cent, to 37,381.05.
The gauge had gained 998.03 points in the previous six sessions.
The broader Nifty also slipped from record high by falling 35.40 points, or 0.31 per cent, to 11,284.15.
Major losers were HDFC, Vedanta, Tata Steel, ICICI Bank, ITC, Tata Motors, Wipro, Kotak Bank, TCS, HDFC Bank, Infosys, SBI and Coal India, falling up to 1.14 per cent.
Sectoral indices led by metal, teck, IT, infrastructure, FMCG, banking, PSU, capital goods and oil & gas stocks were trading in the negative zone.
Foreign portfolio investors (FPIs) sold shares worth a net of Rs 234.04 crore, while domestic institutional investors (DIIs) bought shares worth a net of Rs 48.58 crore yesterday, provisional data showed.
Asian shares were trading lower after Wall Street posted losses amid weakness in the technology sector.
Japan's Nikkei shed 0.39 per cent, Hong Kong's Hang Seng was down 0.56 per cent, while Shanghai Composite index fell by 0.03 per cent in early trade today.
The US Federal Reserve's Federal Open Market Committee, meanwhile, was due to begin its own monetary policy meeting today, with a decision due on Wednesday. The Fed is expected to keep rates steady at the end of its meeting.
Dow Jones Industrial Average ended lower by 0.57 per cent in yesterday's trade. (PTI)
Mumbai, Jul 5: The rupee declined 12 paise to 68.86 against the US dollar in early trade today, pressured by a lower opening in the domestic stock market.
Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.
Foreign portfolio investors (FPIs) sold shares worth Rs 284.58 crore yesterday, as per provisional data.
Forex dealers said the rise of euro and yen against the greenback capped the rupee's fall.
Yesterday, the rupee had lost 17 paise at 68.74 against the dollar amid rising crude oil prices and inflationary concerns after MSP hike for kharif crops by the government.
Meanwhile, the benchmark Sensex moved down by 25.12 points, or 0.07 per cent, at 35,620.28 in opening trade today. (PTI)
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